Virgin Money Holdings (UK) Limited Sustainability Profile
Virgin Money Holdings (UK) Limited, commonly known as Virgin Money, is a prominent financial services provider headquartered in Great Britain. Founded in 1995, the company has established itself as a key player in the banking industry, offering a diverse range of products and services, including personal banking, mortgages, and savings accounts. With a strong presence in major operational regions across the UK, Virgin Money is recognised for its customer-centric approach and innovative solutions. The company has achieved significant milestones, including its acquisition of Northern Rock in 2012, which bolstered its market position. Virgin Money distinguishes itself through its unique offerings, such as competitive interest rates and a commitment to ethical banking practices. As a result, it has garnered a loyal customer base and continues to thrive in the competitive financial landscape.
DitchCarbon Score
How does Virgin Money Holdings (UK) Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Virgin Money Holdings (UK) Limited's score of 55 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Virgin Money Holdings (UK) Limited's reported carbon emissions
Virgin Money Holdings (UK) Limited, headquartered in Great Britain, has not disclosed specific carbon emissions data for recent years, including Scope 1, 2, or 3 emissions. The most recent available data from 2016 indicates that the company reported GHG emissions per average full-time equivalent (FTE) of approximately 2,660 kg CO2e, while in 2015, this figure was about 3,110 kg CO2e. However, no total emissions figures or detailed scope breakdowns are provided. The company does not currently have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate initiatives. Virgin Money Holdings is a current subsidiary of Clydesdale Bank PLC, which may influence its climate strategies and reporting practices. As part of its corporate family, Virgin Money's climate commitments and performance may be aligned with those of its parent company, Clydesdale Bank PLC, although specific details on cascading targets or initiatives are not available. Overall, Virgin Money Holdings appears to be in the early stages of formalising its climate commitments and emissions reporting.
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Virgin Money Holdings (UK) Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Virgin Money Holdings (UK) Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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